Pacer Advisors Inc. Purchases 1,982 Shares of Hasbro, Inc. (NASDAQ:HAS)

Pacer Advisors Inc. raised its position in Hasbro, Inc. (NASDAQ:HASFree Report) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,957 shares of the company’s stock after purchasing an additional 1,982 shares during the quarter. Pacer Advisors Inc.’s holdings in Hasbro were worth $764,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HAS. Carolinas Wealth Consulting LLC raised its position in Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Studio Investment Management LLC bought a new position in Hasbro in the third quarter valued at about $26,000. Worth Asset Management LLC bought a new position in Hasbro in the first quarter valued at about $27,000. ING Groep NV bought a new position in Hasbro in the third quarter valued at about $29,000. Finally, Power Corp of Canada bought a new position in Hasbro in the first quarter valued at about $29,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 0.6 %

Shares of HAS stock opened at $55.44 on Thursday. The company has a market cap of $7.69 billion, a P/E ratio of -5.17, a PEG ratio of 1.50 and a beta of 0.74. The stock has a 50 day simple moving average of $52.00 and a two-hundred day simple moving average of $51.86. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57.

Hasbro (NASDAQ:HASGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.26). The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Research analysts forecast that Hasbro, Inc. will post 3.23 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 5.05%. Hasbro’s dividend payout ratio (DPR) is presently -26.12%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson restated a “neutral” rating and set a $52.00 price objective on shares of Hasbro in a research report on Tuesday, March 26th. StockNews.com downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. JPMorgan Chase & Co. raised their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Roth Mkm restated a “buy” rating and set a $60.00 price objective on shares of Hasbro in a research report on Tuesday, March 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $64.00 price objective on shares of Hasbro in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.10.

View Our Latest Stock Analysis on Hasbro

Hasbro Profile

(Free Report)

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.

Further Reading

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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